TSLA Bears Aren't Thinking.
Diupdate
Everything is converging for a STRONG bounce in the coming weeks. I dont see TSLA ever going below 180. In fact, I am a buyer at 200 just to be safe.
Technically, TESLA looks good. Oversold on the RSI. How long has TSLA ever been so oversold? Well, take a look. Almost never.
RSI is hinting at reversal as is the general chart trend.
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Non-technical things:
-- If you buy a new car today, and it is NOT a Tesla, you are making a terrible investment (in my opinion-- facts based).
-- TSLA is so far ahead in what they are doing. All car companies will follow (they are) but wont ever catch up to TSLA. If cars dont switch to electric, theyre toast.
-- My gosh, anyone is calling TSLA as bogus and overpriced is not a science person. This is so obviously the future. Youre shorting the future of the auto industry if you short tesla. You wont win at that.
This is not financial advise. PLEASE comment your thoughts and any disagreements below. I would love to hear them!! Im sure they would be helpful to anyone else. Obviously, this is a one-sided analysis, bring the other sides in!
Im so long on TSLA, I think its price will be over the 1000$ point AT SOME POINT.. Could be two years could be 10. Who cares, this car company is the future, its leading everyone with it.
Technically, TESLA looks good. Oversold on the RSI. How long has TSLA ever been so oversold? Well, take a look. Almost never.
RSI is hinting at reversal as is the general chart trend.
---------
Non-technical things:
-- If you buy a new car today, and it is NOT a Tesla, you are making a terrible investment (in my opinion-- facts based).
-- TSLA is so far ahead in what they are doing. All car companies will follow (they are) but wont ever catch up to TSLA. If cars dont switch to electric, theyre toast.
-- My gosh, anyone is calling TSLA as bogus and overpriced is not a science person. This is so obviously the future. Youre shorting the future of the auto industry if you short tesla. You wont win at that.
This is not financial advise. PLEASE comment your thoughts and any disagreements below. I would love to hear them!! Im sure they would be helpful to anyone else. Obviously, this is a one-sided analysis, bring the other sides in!
Im so long on TSLA, I think its price will be over the 1000$ point AT SOME POINT.. Could be two years could be 10. Who cares, this car company is the future, its leading everyone with it.
Catatan
Please, go and take a look at the bearish charts. Its good for you to see both. Personally, blasting Tesla does not seem smart. That is only my take. Go look at the bears! They could be right too... Comment your thoughts :) Lets discuss.Catatan
Please, if you havent already (!!). Visit youtube.com/watch?v=Ucp0TTmvqOE (Tesla Autonomy Day Video). Skip to 1:51:30 to hear Andrej Karpathy's presentation. This may very well change any poor outlook on their future.
Catatan
Over ALL of TSLA stock history. Look what happens when the RSI gets low? (Weekly RSI). Each and every darn time is followed by huge gains. This is a technical argument.
Im bullish technically, and business-wise on Tesla.
Take care my friends. We will see what happens next week! I will update chart.
Catatan
**UPDATE** My red arrow (rough play line) could come back down to gray-dashed- longterm support line (IMO, there will be a recession in 2020/21)... Still- I am bullish on Tesla for the remainder of 2019 (or until targets are hit).
Catatan
**Update** A break and close above 212 (a fib retracement) would signify a strong bounce. You can load up more afterhours with an order just above that if you are worried now about the near term of TSLA. Otherwise, look for one more slide before push--- dont think we are going below 190 again.
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